AICPA News Update Vol. 13 No. 39 

Published September 17, 2010

AICPA

AICPA News Update

A Weekly Email Newsletter on Issues & Events Surrounding the CPA Profession

In This Update:

September 17, 2010 - Volume 13 No. 39

Future CPAs Can Now Shift Into High Gear with New “This Way to CPA” Website
Magazine Lists AICPA Members and Staff among Profession's Most Influential
Revenue Recognition Business Brief Available for Download
FinREC Issues Comment Letter on FASB proposed ASU on Fair Value
Future CPAs Can Now Shift Into High Gear with New “This Way to CPA” Website

The AICPA has just launched a bold, exciting new career website specifically for college accounting students and CPA Exam candidates. This Way to CPA is chock full of expert insights, timely information, invaluable resources and all the wisdom future CPAs need most to succeed. It includes personalized guidance to achieve career goals, comprehensive CPA Exam and state licensure requirements, and discussion forums, as well as interviewing tips and more.  A student competition to solve a real-world accounting for sustainability challenge launched along with the website. To learn more, visit ThisWaytoCPA.com, or read this article and the press release.

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Magazine Lists AICPA Members and Staff among Profession's Most Influential

Accounting Today lists the profession's 100 most influential people, including the following from the AICPA: Paul Stahlin, incoming chairman; Barry Melancon, president and CEO; Jim Metzler, vice president of small-firm interests; Mark Koziel, director of specialized communities/firm practice management; Chuck Landes, vice president of the professional assurance standards and services group; Janice Maiman, vice president of communications and media channels; Erik Asgeirsson, CEO of CPA2Biz; and Cindy Fornelli, executive director at the Center for Audit Quality. See the entire list here.

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Revenue Recognition Business Brief Available for Download

The Financial Accounting Standards Board and the International Accounting Standards Board published for public comment an exposure draft titled Revenue Recognition: Revenue from Contracts with Customers. The comment period ends on October 22. Read this AICPA Business Brief, Revenue Recognition – Far Reaching Changes on the Horizon, which includes links to other AICPA resources on this important project.

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FinREC Issues Comment Letter on FASB proposed ASU on Fair Value

On September 9, the Financial Reporting Executive Committee (FinREC) issued a comment letter to the Financial Accounting Standards Board (FASB) on Accounting Standards Update (ASU), “Fair Value Measurements and Disclosures (Topic 820) - Amendments for Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.” Read the AICPA’s comment letter for details.

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